"The Commonwealth Bank, NAB and Westpac are engaged in a fixed mortgage war"

welcome to 2014, where what little market competition we have in duopoly / oligopoly corporate australia, is commonly referred to as 'price war'

Commenter

brian

Date and time

July 25, 2014, 4:04PM

be nice to see the asx hold some lows for just one day. jeez.

Commenter

j

Location

syd

Date and time

July 25, 2014, 3:57PM

very rare in a bull market...remember this tip.

Commenter

no banks.. no party!

Date and time

July 25, 2014, 4:27PM

Never trust those investment analyst, especially those hyper "issue" year away, Zero value!Quote"There’s a one-in-three chance of an economic hard landing starting in China by the end of next year, reckon Nomura economists"

day trading ACR out 4462 at 1.43 sorta kinda made up some lost $ elsewhere.didnt want to think about it over the weekend.avagoodone.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 3:12PM

BDR

I cant stop the way I am and I automatically assume people tell the truth. So I must be coming more cynical so I checked the weather tables for the last six months where their mine is and sure enough its been pis..g down there until June. It appears the rain has now stopped.

So followed down at 0.555 and 0.54 and will buy more Monday.

I'm a big boy so I can cop my losses and keep quiet about my gains and if it aint a gamble I get bored.

Good luck to all.

Commenter

Harry Rogers

Date and time

July 25, 2014, 3:01PM

Hard to believe how bad that report is, hope we don't have another SBM on our hands. I hold 70,000 @ 65 cents

Commenter

Peter M

Location

Mackay

Date and time

July 25, 2014, 3:33PM

good luck @harry i bailed out 30000 @ 56c might look at again but lost the faith for now.cheers.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 3:37PM

Need a bit of help from experienced players. Bought AWE 3 weeks ago for $1.85 as a short term trade. SP has not got passed $1.84 since then. Problem is that all my short term trading money is in the trade. Was thinking about selling half so I can continue trading something else but every time I go to press the button it teases me and gets near my purchase price. Thank you for your advice in advance.

Commenter

Ryan F

Date and time

July 25, 2014, 2:46PM

low volumes last couple of days, shorters playing ping pong with the the bots

Commenter

seagulls

Date and time

July 25, 2014, 2:05PM

that is right, losses on the ASX can only happen because of shorters and computer trading.....................

Commenter

DR

Location

syd

Date and time

July 25, 2014, 3:05PM

Who reckons the S&P will hit 2000 by the end of next week?

Commenter

AR

Date and time

July 25, 2014, 2:03PM

Me... earnings look good.Yes 2000 it will be, next week not sure, but within the next month, aye!

Commenter

GrimReaper

Date and time

July 25, 2014, 2:50PM

absolute lay down misere

Commenter

hunter

Location

the punter

Date and time

July 25, 2014, 3:38PM

Re article @ 1.41:Wars and tragedies cannot shake share markets, but a small interest rate rise in the US will send the Wolves of Wall St scurrying.

Commenter

MTD

Date and time

July 25, 2014, 2:02PM

Hard to take these down days, thought it would go on up forever!

Commenter

Bodacious

Date and time

July 25, 2014, 2:00PM

"Anywhere else, a big transmission project is a few hundred miles long and costs a few hundred million dollars; this is a network of 3,600 miles built at a cost of $US7 billion, which is more money than the whole country has spent on transmission in some recent years. It comes to about $US300 per person served by the Texas grid."

And all to support the electricity generated by wind farms.

Oh but don't tell Terry McCrann. He'll have another childish pink fit and spew out another article riddled with (sic).

Commenter

Allan

Location

Prahran

Date and time

July 25, 2014, 1:48PM

As a complete dummy with 4000 IAG shares and in need of some ready cash could someone more learned have a quick gaze into their crystal ball and tell me is today the day to get out? Or keep rummaging through bins for lunch.

Commenter

Barry

Location

Planet Earth

Date and time

July 25, 2014, 12:52PM

Look at selling some and take a profit. The "Mitch" effect dictates that the price will then soar and you will get an even better profit on the rest.

Commenter

mitch of ACT

Date and time

July 25, 2014, 1:01PM

You could sell some calls with August expiry, just above the current shareprice. You will recieve money from selling the calls and the worst case is you have to sell IAG for your strike (above the current price) in 1 months time.

Commenter

Sam

Date and time

July 25, 2014, 1:01PM

Hard to call, Barry. Either way, current price around $6.27 is the best it's been for a while. If you're not sure, but need the money, why not sell say 500 only? That's around $3,100 to keep you going (make sure you work out what your CGT will be on that portion and be prepared for that tax bill next year).

Commenter

Gareth

Location

Sydney

Date and time

July 25, 2014, 1:08PM

finally got some green on my portfolio - you bloody beauty!

Commenter

big al

Date and time

July 25, 2014, 12:39PM

My only green at the moment are AGL (0.07%) and ANZ (0.01%).

I've had better days on the market.

Commenter

In the

Location

RED

Date and time

July 25, 2014, 1:57PM

only green in mine today is SLX, LNG and NRT. Woof

Commenter

doglover

Date and time

July 25, 2014, 3:02PM

Short ASX200 5600...gift!

Commenter

AR

Date and time

July 25, 2014, 12:18PM

presumably you made that bet sometime in 2007?

Commenter

walter

Location

mitty

Date and time

July 25, 2014, 12:32PM

"Anti-poverty campaigner Sir Bob Geldof has slammed wealthy nations, including Australia, for cutting foreign aid to the poor, likening such decisions to beating an infant"

Richest country in the world renegs on it's foreign aid commitments.

It's because I bought a 70" tv. Sorry.

Commenter

I'm rich.

Location

And you're not.

Date and time

July 25, 2014, 12:17PM

Hang on, we are giving 157 people a free cruise around the Indian Ocean and keeping 3,000 people in luxury on 2 Pacific Islands all expenses paid. How can that not be a true mark of our generosity.

Commenter

mitch of ACT

Date and time

July 25, 2014, 12:28PM

Bob Geldof owns his British properties through a Virgin Islands company to avoid stamp duty. Don't for a moment think that he himself is prepared to pay for what he thinks us average Joes should do.

Foreign aid has been one of the biggest obstacles to economic growth and developed in poor countries. Foreign aid only creates a corrupt bureaucracy class among those that administer it, it has become an industry in itself, with no output and no purpose. It has been said that foreign aid is the taking of money from poor people in rich countries and giving to rich people in poor countries. Average Joe pays taxes so that a corrupt government official can fill up his bank account while on a shopping trip to Zurich.

Stop all foreign aid now!

Commenter

Dr No

Location

Sydney

Date and time

July 25, 2014, 12:49PM

Now the land of plenty is no longer, there will be wide support to rein in aid. Is that what socialists set out to achieve? It was always going here.

Commenter

JohnBB

Date and time

July 25, 2014, 12:58PM

"Another argument from critics is that aid holds back normal economic development, keeping countries dependent on generosity from outsiders.

This argument makes several mistakes. First, it lumps different kinds of aid together. It doesn’t differentiate aid that is sent directly to governments from funding that is used for research into new tools like vaccines and seeds. The money America spent in the 1960s to develop more productive crops made Asian and Latin American countries less dependent on us, not more. The money we spend today on a Green Revolution for Africa is helping countries grow more food, making them less dependent as well. Aid is a crucial funding source for these “global public goods” that are key for health and economic growth. That’s why our foundation spends over a third of our grants on developing new tools.

Second, the “aid breeds dependency” argument misses all the countries that have graduated from being aid recipients, and focuses only on the most difficult remaining cases. Here is a quick list of former major recipients that have grown so much that they receive hardly any aid today: Botswana, Morocco, Brazil, Mexico, Chile, Costa Rica, Peru, Thailand, Mauritius, Singapore, and Malaysia. South Korea received enormous amounts of aid after the Korean War, and is now a net donor. China is also a net aid donor and funds a lot of science to help developing countries. India receives 0.09 percent of its GDP in aid, down from 1 percent in 1991.

Even in sub-Saharan Africa, the share of the economy that comes from aid is a third lower now than it was 20 years ago, while the total amount of aid to the region has doubled."

http://annualletter.gatesfoundation.org/#section=myth-two

Commenter

Bill Gates

Date and time

July 25, 2014, 1:09PM

Here we go again Dr No, the old "foreign aid doesn't get to the people who need it" line. How else can hypocritical tea party types front up to the front row at church on Sundays?

I'm sure the spin doctor who came up with this excuse is a legend in tea party circles.

If the aid distribution system isn't working, then fix it. Where there's a will there's a way. But of course with the tea party there's no will. Just selfishness and greed, pure and simple.

Commenter

pass the red

Date and time

July 25, 2014, 1:54PM

@Coles if you are out there...please resist the urge .. do not do it .. i know you want too..but dont dare sing that song and put the moz on us again...tnx.

5600 Come back . What are you afraid of ?Oh , your'e just taking a breather before next week gets here. What's that you say? Good profit reports & great franked dividends to be declared. I can't wait. Go you good thing.

Commenter

Pest from the west

Location

Lowood QLD

Date and time

July 25, 2014, 11:55AM

Wait till it drops back to 5500 and go long. Don't buy at these levels.

Commenter

AR

Date and time

July 25, 2014, 1:43PM

"Atlas Iron was forced to sell its iron ore at close to a loss in the June quarter amid huge pressure on margins created by an explosion in supply from the Pilbara majors."

If welfare cuts are the reason for a drop in beer consumption, then it only highlights that the cuts are warranted. I wonder if it will affect the money spent on fast food? Doubt it. Still seen as a staple in lower economic areas. I know you will argue that as a generalisation Mitch but map fast food giants in capital cities and see what comes up.

Commenter

Sticks

Date and time

July 25, 2014, 12:28PM

@sticks, probably the same distribution as that other blight on society feeding into the pockets of the wealthy at the expense of the poor, poker machines.

Commenter

mitch of ACT

Date and time

July 25, 2014, 12:39PM

Not just the poor Mitch. Pokies are a massive blight on society but like most things it all comes down to people making poor personal choices. I reserve my pity for victims of tragedies and uncontrolled events such as cancer, etc rather than feel sorry for fatties and addicts. Their circumstances are a result of their own poor choices. This is coming from a guy who has made plenty of poor and costly choices related to gambling (not pokies though).

Commenter

Sticks

Date and time

July 25, 2014, 1:28PM

@Sticks yes some people do make poor personal choices, like all those who got suckered in by all of the promises the Libs made before the election and then broke immediately afterwards. Govt's can hardly protect people from situations where they are the culprits.

Commenter

mitch of ACT

Date and time

July 25, 2014, 2:12PM

Plenty of pokies in wealthy areas too Mitch. I watch fools feeding wads of $50s into machines every time I go to my local in Malvern, VIC.

Commenter

TP

Date and time

July 25, 2014, 2:24PM

Since you feel the need to bring everything back to political cheerleading, I feel obliged to mention the deal between Gillard and Wilkie which Gillard reneged on. No wonder people voted for the Libs. Bernie Madoff is more trustworthy than Gillard.

Commenter

Sticks

Date and time

July 25, 2014, 3:38PM

one thing that never ceases to amaze me is that when we have an up day we give a fair chunk back throughout the day until close.

when we have a down day the losses get larger as the day progresses.

never seem to get ahead!

Commenter

sad

Location

but true

Date and time

July 25, 2014, 11:40AM

Nope. Usually the losses are given back during the day lately.

Commenter

DR

Location

syd

Date and time

July 25, 2014, 11:57AM

not today doc!

Commenter

naturopath

Date and time

July 25, 2014, 12:55PM

will we sing a song of praise and indebtednessfor our deliverance from evil.....or will we sing a song of sadnessfor the dreaded debt this mess delivered us people.

Commenter

Wwwish Lion

Location

Melbourne

Date and time

July 25, 2014, 11:34AM

The song we will sing will be a joyous refrainOur debts been forgiven , we can spend again.

Commenter

mitch of ACT

Date and time

July 25, 2014, 11:57AM

@Coles...shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

Commenter

no banks .. no party!

Date and time

July 25, 2014, 12:13PM

Down down, prices are down!

Commenter

Coles

Location

Near you

Date and time

July 25, 2014, 1:49PM

and up they go...good work @Coles!

Commenter

no banks .. no party!

Date and time

July 25, 2014, 3:05PM

lmao! Coles do you ever get it right? Looking at the index it would appear your the resident clown. x x

Commenter

Leah

Location

Eastwood

Date and time

July 25, 2014, 4:03PM

Having a huge day, UXC is my best performer, ouch!

Now I know how the blog champion shorter feels every day

Commenter

big al

Date and time

July 25, 2014, 11:18AM

UCX? Man I still have my short from $2 on them suckers when did you get on? Also Short SBM $1.40, Short PRR 12c

Commenter

Shorters

Location

Wet Dream

Date and time

July 25, 2014, 11:31AM

Anyone here trade Dax, S&P etc. The ASX is so boring... zzzz

Commenter

AR

Location

Sydney

Date and time

July 25, 2014, 11:17AM

nikkei is on a roll

Commenter

sausage

Date and time

July 25, 2014, 11:37AM

Its not poker you're playing. You want excitement go to the casino. From that angle you're certain to lose all your money either way.

Commenter

JohnBB

Date and time

July 25, 2014, 11:52AM

trade bigger then if u want thrills. it'll give to u.

Commenter

j

Location

syd

Date and time

July 25, 2014, 11:52AM

On SMH today:- "Expert" says lock in to low fixed interest home loan now as rates will rise in nine months time.....

- "IMF warns on low growth forecast.."

I say: Eeny, meeny, miny, moe,

Commenter

Luke

Date and time

July 25, 2014, 11:15AM

they want to lock you up , so if they drop further the banks do not loose to much.Experts, they can look out the window and do not know what weather it is

Commenter

rene

Location

brisbane

Date and time

July 25, 2014, 11:39AM

BDR almost ready to drop through that 0.565 barrier.

Commenter

DR

Location

syd

Date and time

July 25, 2014, 11:07AM

Don't really need a doctorate to make that call, will get below 50 cents very quickly on production report!

Commenter

naturopath

Date and time

July 25, 2014, 11:15AM

If it drops through 50c I would consider taking a look.

Commenter

DR

Location

syd

Date and time

July 25, 2014, 2:10PM

It hurt me to do it but I'm glad I cut my losses yesterday at 57.5.

Commenter

Yin or yang

Date and time

July 25, 2014, 2:54PM

It has taken awhile, but I have finally learned to profit from shorters activities.

I still buy and sell the individual shares but at the opposite time to the shorters. As an investor I still don't agree with shorting, but as the old saying goes, if you can't beat 'em, join 'em!

Commenter

profiteer

Date and time

July 25, 2014, 11:03AM

Can I ask a naive question as to how you short?. Is it as simple as putting a sell order in when you don't own the underlying share? Not something I've done but keen to try as the Bull Run continues.

Commenter

DaKlingon

Location

NZ

Date and time

July 25, 2014, 12:39PM

Is 5500 the floor or will we drop da da drop further?

Commenter

AR

Location

Sydney

Date and time

July 25, 2014, 10:58AM

You blokes never give up with the negativity lol, it is a bull market, everybody knows it!

Commenter

Mister5100

Date and time

July 25, 2014, 11:12AM

@Mister5100: you got close with your 5600 call, I thought it was optimistic, but we basically got there. You may be right about the 6000 call, but can't see us getting there easily if iron ore goes to $80.I agree it's a huge Bull market, for the top 50 at least, but there's nothing like putting on a good short position when the Bulls have tears of exuberance running down their cheeks and greed in their hearts. Then take the profits wait for the steam to rise and do it all over again.

Commenter

Shorty

Location

Ground

Date and time

July 25, 2014, 11:49AM

@ shorty; there's "nothing like"shorting in a bull market.

Just ask Liberator, who was on here pretending to have shorted the market at 4500, 4600, 4700 etc then putting on the "mother of all shorts" at 5100, then at 5200 etc etc.

Of course markets don't go up in a straight line so there are rises and falls every day and every week. A genius who picked every rise and fall would own the world in a year. But if the market is in an overall uptrend as we have been for the last 20 years then it stands to reason there are more up days than down days, and it's far easier to build wealth by being long and collecting dividends and capital growth.

Commenter

pass the red

Date and time

July 25, 2014, 2:04PM

short xjo, looking for the 76 lvl to break, them we're open to 65 and after that clear to 45.wish me luck!

Commenter

j

Location

syd

Date and time

July 25, 2014, 10:57AM

all the way with blogger "j", big day for you for sure!

Commenter

big al

Date and time

July 25, 2014, 11:25AM

Back down to 5500 for you!

Commenter

AR

Date and time

July 25, 2014, 1:51PM

Before the Budget I predicted that the retail sector would cop it in the neck from all of the cuts being talked about. You can't cut gov't spending on benefits and expect consumers to keep spending. I was surprised at GUD's steady rise and knew it would not end well. There are other retail stocks that have risen well lately and are in for a big fall when results are announced. If the full extent of Hockey's cuts was delayed by Abbott what cuts have been postponed to the next Budget to depress consumer spending further. Even if the Senate refuses to pass the present cuts they will hang like a threat over consumer sentiment. Rising unemployment from Budget cuts isn't helping either. Keynesian economics says that when the private sector stops spending it's up to gov't to pick up the slack. Labor did that but this lot have dropped the ball. They would rather squirrel the money away but find they have to spend the savings anyway as welfare payments rise from increased unemployment and tax revenue declines as taxes on wages, profits & the GST fall. Hockeynomics.

Commenter

mitch of ACT

Date and time

July 25, 2014, 10:52AM

they would rather there be no welfare payments. that's the general direction of the budget.

Commenter

j

Location

syd

Date and time

July 25, 2014, 10:59AM

Retailers been having a howler since last year...nothing but a reality check so blame the consumers not the govt.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 11:04AM

The budget has been in deficit pretty much since Labor came to power in 2007. Are you suggesting that the only way to run an economy is to borrow money in order to fuel consumption? Keynesian economics state that government can pick up the slack during the recession cycle in the economy, which is about 1 to 1.5 years - not a constant borrow-and-spend policy!!! What you're suggesting amounts to nothing less than a full out War on our Children and Grandchildren.

Commenter

Dr No

Location

Sydney

Date and time

July 25, 2014, 11:08AM

Spend, spend, spend. Welfare, welfare, welfare. Blah, blah, blah. C'mon mate, your beloved Labor was a joke. Following Swan on twitter tweeting almost daily about billions being spent on projects from a tax collecting a few hundred million (not including admin costs etc) just highlights the incompetence. Tough decisions need to be made and if that includes winding back unwarranted welfare spending so be it. What you should be arguing is whether the upper and middle class are having their welfare adjusted appropriately. But all you do day after day is bang on about how those who contribute nothing deserve more free money. I'll say it again, it's not free.

Commenter

Sticks

Date and time

July 25, 2014, 11:13AM

@mitch, if the government has money its fine to give some away to get things going, but unless you personally will pay the billion dollars each month in interest please stop trying to increase my debt. Maybe every bogan doesnt need an iphone. First world problems huh

Commenter

Wwwish Lion

Location

Melbourne

Date and time

July 25, 2014, 11:30AM

@Sticks I was wondering what it would take to drag you out of the wood work. The major beneficiaries of deficit spending are the well-off. The gov't benefits (free cash) paid to the lower income scales just to live on are spent in the businesses that the well-off own or invest in. The ASX and share prices are only where they are due to gov't debt. Look how low it got in the depths of the GFC before stimulus spending kicked in.

Commenter

mitch of ACT

Date and time

July 25, 2014, 11:33AM

@Dr No, the GFC is a slightly smaller version of the Great Depression and much worse than a normal recession. Only the quicker resort by the major economies to deficit spending to provide stimulus prevented the world from re-visiting 1929-1939. Remember that the Great Depression lasted 10 years and was only ended by WW2. The effects of the GFC are still washing through world economies so deficit spending will be required for several years yet. Normally you would expect inflation, from all of the extra cash washing around, to reduce debt but that is not happening this time. Deflation is still seen as a threat in Europe and Japan. In the end I expect that a mass round of debt forgiveness will be required to reduce the debt burden. Germany & China, as the major creditor countries, will come out of that worse but will benefit because their customers will keep spending rather than having to cut spending to pay off debt. The economics textbooks are being rewritten as we speak.

Commenter

mitch of ACT

Date and time

July 25, 2014, 11:36AM

Keynesian economics has been abused and used and chewed to bits by governments. The premise is to SAVE when the going is good and spend in tough times. You cant do one without the other. All our politicians have failed Australia terribly. And now it's time to pay for our naivety.

Commenter

JohnBB

Date and time

July 25, 2014, 11:45AM

A good socialist rant and ridiculous comments about Swan doing a good job will drag me out most of the time Mitch. Labor did nothing to rectify the structural problems left by the previous government, then went on to compound structural deficits and are now blocking any attempt to address the mistakes of the past. Yeah well done Labor. JohnBB makes a couple of good points.

Commenter

Sticks

Date and time

July 25, 2014, 12:07PM

@mitch - you're saying that "this time it's different..."

The problem in the Western world is not that we don't have enough consumption, it's that we have to much debt to fuel consumption, and especially government spending. I'm sorry but we can't borrow and spend our way out of this. The only medicine is to pay back debt, lower government spending, work harder, have more children (since fertility rates are at suicidal levels), and run more prudent budgets.

Any by the way mitch - Australia is in desperate need of a recession at the moment. Recessions are a natural part of the economic cycle, they shouldn't be avoided by artificial spending. That's how we got into this rot in the first place.

Commenter

Dr No

Location

Sydney

Date and time

July 25, 2014, 12:10PM

@DR The present contractionary policies of the Liberal gov't are likely to give us the recession you recommend. However the economic and human misery that will cause will be enormous and will be the kiss of death for any gov't that causes it or stands idly by and lets it happen. Political self preservation to keep recession at bay will take over unless they have a death wish or can find a way to blame it on the last lot. That will ring hollow with their fingers on the economic levers for so long.

Commenter

mitch of ACT

Date and time

July 25, 2014, 12:22PM

@Dr No

I posted this on July 8 and you had no answer then. Do you have one now?

Austerity will not get you out of debt.

http://tinyurl.com/q355z3m

Commenter

Jimmy

Date and time

July 25, 2014, 12:27PM

The Liberal mantra is "Contract our way to prosperity". That's like saying you are going to cut off a leg so you can run faster.

Commenter

mitch of ACT

Date and time

July 25, 2014, 12:46PM

@Jimmy - Running budget surpluses - i.e. what you call "austerity" - most certainly get you out of debt eventually. Normally a government would refrain from having fiscally tight policies during a recession, but we're not in recession. Quite the contrary, we've got an over-valued currency, a skills-shortage, can't get people to do certain jobs, etc. This is an ideal time to start paying back debt (which we never should have taken on in the first place).

Commenter

Dr No

Location

Sydney

Date and time

July 25, 2014, 12:53PM

@Dr No

The problem is the mindless cutting reduces your inflows more than your outflows. Your ability to service debt falls and your debt as a fraction of GDP grows.

Do you have an example of cutting your way to prosperity?

Commenter

Jimmy

Date and time

July 25, 2014, 1:32PM

I do have examples of successful prudent budgetary policy as it happens. Namely, Finland and Sweden in the 90s, and Germany in the 00s (and ongoing I should say).

The Scandinavian countries, especially Finland and Sweden, faced a very harsh recession in the early 90s. They had previously been in a similar situation to us - an overvalued currency, slowed productivity growth, budget deficits,etc. But instead of borrowing to "avoid recession" they took it on head-on and adjusted policies instead of fiscal trickstery (like the US). They allowed the recession to lower the value of their currency, they used it as an opportunity to deregulate and improve on services. The result is that they are now in a very competitive state.

Same with Germany, prudent budgets is constantly on the menu. Improvements are made to efficiency rather than throwing money on bloated economies.

That's where we should learn from, not from the disaster that is the US and its 17.5 trillion debt.

Commenter

Dr No

Location

Sydney

Date and time

July 25, 2014, 2:03PM

A classic example of what I mean by that is the $1.5 million dollar cut in the budget to the the drug and alcohol harm prevention group (I forget the exact name).

A single case of fetal alcohol syndrome costs the health system far more than this. If they were preventing a single case per year they were paying for themselves. Cuts to things like preventative health are completely foolish and counter productive.

No doubt there are cuts that we could make but we need to be much, much more careful about where they are made.

The return to surplus (which I agree is important) should be done slowly and carefully over the medium term. There is no emergency and there is no hurry.

Commenter

Jimmy

Date and time

July 25, 2014, 2:08PM

I would argue that a lot of the German strength in exports is a result of being part of the Euro and hence having an undervalued currency. Just like money printing and very low interest rates elsewhere in the world.

Also: http://tinyurl.com/qz33699

and

http://tinyurl.com/o4tvrj4

Can you really tell me any of those countries have outperformed Australia in the last 20 ears?

Commenter

Jimmy

Date and time

July 25, 2014, 2:34PM

CMG - Anyone know who is the insatiable seller at 33c? They keep selling.....

Commenter

It's All About Making Money

Location

Lennox Hd

Date and time

July 25, 2014, 10:46AM

It looks like computer trading just adding and withdrawing at 33c.... nothing actually being sold.

Commenter

GS

Date and time

July 25, 2014, 10:56AM

Thanks GS. Not sure. Every time it gets through to 33.5c sellers materialise and down it goes again. A shorter would be driving it down. It looks like a fund exiting to me? Time will tell.

Commenter

IT's All About Making Money

Location

Lennox Hd

Date and time

July 25, 2014, 11:36AM

The previous 2 days had $1M worth of stock sold but on other days it's usually 20-200k worth so not too bad for a $180M cap stock.

I wouldn't sell out before their results if I bought higher though. I'm only in at these levels so risk is much lower for me.

Taking a punt because of good job figures in the last 2 months and high FF div (even if cut a tiny bit lower). Potential for huge capital gain too after results due to it having been sold off so harshly this year.

Commenter

GS

Date and time

July 25, 2014, 11:55AM

Pretty sure we will see the usual Friday sell off, long lunch coming up today!

Commenter

make mine scotch

Date and time

July 25, 2014, 10:41AM

Pretty easy to make that call just after you see the market open lower..................

Might see a slow buy back over the day to end flat. Seems to be the thing to do this July.

Commenter

DR

Location

syd

Date and time

July 25, 2014, 11:01AM

Agree 100%, 5520 at close!

Commenter

big al

Date and time

July 25, 2014, 11:04AM

normally i'd agree but i'm real nervous about any down move last few weeks, they all seem to fake out stall and belt back up. i'm very cautiously short.

Commenter

j

Location

syd

Date and time

July 25, 2014, 11:36AM

XRO making a run this am, go you good thing!

Commenter

coke

Location

zero

Date and time

July 25, 2014, 10:39AM

light vols,token trades looks likebot v bot to me

Commenter

BearshapedBull

Location

Lemons for sale

Date and time

July 25, 2014, 11:48AM

Righto so SLX was a buy once the elevator stopped...in the basement.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 10:28AM

yes some of these blokes have a lot to answer for!

Commenter

jackie

Location

lamb chop

Date and time

July 25, 2014, 10:47AM

Tide turned on TLS good run...15million dumped in 23 minutes still plenty of buyers though.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 10:24AM

interest rates falling with the same people who said they could only go up urging us to lock in now as - they will be going up. sure they will. if the RBA cut rates by .2% it would all over the front ages. we get a .7% cut and its buried. dont want to panic the masses now do we?IMF got its prediction wrong again. and again and again. each time over estimating growth. in the USA 500000 full time jobs became 800000 part time jobs. part time jobs earning far less with zero employee benefits. wont here about that in stralya. the world is disappearing up its own backside wrapped in giant bank backed debt bubbles and al the interest rate cuts in the world arent going to stave it off.

EDs: True, but down 4.5 per cent since mid last week - so bit of an extended stumble!

Commenter

James

Location

Tanami Desert

Date and time

July 25, 2014, 10:21AM

Spot on ed. Probably why going long at 76c on ARI isn't looking to good.

Commenter

CEO

Location

ARI

Date and time

July 25, 2014, 10:38AM

iron ore maybe down 4.5% since last week but the miners haven't dropped. WHY ?

Commenter

confused

Date and time

July 25, 2014, 2:27PM

LEI is off to the races, up 2.57%

Commenter

infrastructure

Location

lead recovery

Date and time

July 25, 2014, 10:20AM

GUD was flying until the chickens came home....retail reports are like a summons at present....dont answer the door,change the locks but the market bailiff will serve it up anyhows.ouch!

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 10:19AM

Some encouraging prospects for ACR holders after a rather downhill sleigh ride,shorts getting covered all over....quick run! But will the ascent be back to pre- torpedo levels?LNG shorts well out as well.No remorse.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 10:13AM

But now that ACR's price has been driven up isn't that an open invitation to shorters to drive it back down again. The higher the price the further scope for driving it down.

Commenter

mitch of ACT

Date and time

July 25, 2014, 10:55AM

anyone shorting on good news is having a go...but they may be in for some resistance...percentiles down to under 0.35 of market total so the swarms left for other flowers.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

July 25, 2014, 11:09AM

Change of mgmt and solid sales figures. But FDA spectre still looms. I'd expect SP to drift back quite a bit after today's run.

Commenter

Yin or yang

Date and time

July 25, 2014, 2:52PM

Hopefully UBS got smashed today with their 12,104,016 ACR short position xD

Commenter

pete

Date and time

July 25, 2014, 3:26PM

Got that one wrong - the proverbial rocket!. Alas I'm no longer a holder. I've been getting into all sorts of trouble with biotechs - lesson to self - stay away!i

Commenter

Yin or yang

Date and time

July 25, 2014, 4:33PM

Slightly overvalued? Does this mean house prices have crashed today? Or do we have to wait until tomorrow?

Commenter

Pogo

Date and time

July 25, 2014, 9:48AM

Assets go up in value.

Commenter

It's All About Making Money

Location

Lennox Head

Date and time

July 25, 2014, 10:06AM

No asset is ever "hugely overvalued", until after the crash, when everyone says "I told you so"...

Commenter

Phil

Location

Sydney

Date and time

July 25, 2014, 10:32AM

They are so much undervalued that our new generation is not ready to invest in them because they are sacred of losing money and we are so clever that we are only selling it to the foreigners. How shameless, now Moody has joined RBA to make fool of people and justify highly inflated property which is beyond the means of common aussie.